Kavango Resources - Exploring for Copper in Botswana and Gold in Zimbabwe

• Kavango Resources is a Southern African base and precious metals exploration company with projects in Botswana and Zimbabwe.
• The CEO, Ben Turney, discusses the addition of a new portfolio in Zimbabwe and the recent capital raise.
• Zimbabwe was initially considered challenging for investment due to jurisdictional risks, but attitudes have softened over time.
• Kavango is now focused on gold exploration in Zimbabwe, particularly targeting bulk-minable opportunities.
• In Botswana, Kavango plans to develop its projects, with a focus on the Kalahari Sutra Zone, using new geophysical mapping and potential drilling. They have also secured financing, including an investment from Pure Bond.

About Kavango Resources

Kavango Resources PLC (LSE: KAV) is a mineral exploration and development company focused on securing and advancing high value assets in Africa. Originally founded in 2018 to explore for copper deposits in Botswana, the company has expanded its strategy to include gold exploration in Zimbabwe.

Kavango is led by a highly experienced management and technical team with backgrounds spanning exploration, mine development, capital markets and investment banking. Key executives include CEO Ben Turney, Technical Director Michael Foster, Finance Director Jason Brewer, and Exploration Director David Catterall.

The company is headquartered in London and maintains in-country operations in Botswana and Zimbabwe. Kavango is listed on the London Stock Exchange and has been actively engaging with investors to finance its exploration activities. A recently announced funding round with Pure Bonds Group will see the company fully funded for drilling campaigns over the next two years.

Kavango holds over 9,000 km2 of exploration licenses in the Kalahari Copper Belt of Botswana. It also has options on three gold projects covering 120 km2 in highly prospective geological terranes in Zimbabwe. The company is methodically exploring these assets using modern geosciences to identify new deposits.

Interview with CEO Ben Turney & Exploration Director David Catterall

New Funding to Advance Exploration

Kavango recently announced a new funding round to support its exploration activities. The company has entered into an agreement with the Cassagra family's investment firm, Pure Bonds Group, for a £4.6 million investment. This will give Pure Bonds a 52% stake in Kavango.

The new funding will provide capital for Kavango's exploration campaigns in Botswana and Zimbabwe over the next two years. With copper and gold prices expected to remain strong in the long-term, the company is well-positioned to capitalize on new discoveries.

Exploring for Copper in Botswana's Kalahari Copper Belt

Kavango's main asset is its exploration licenses covering approximately 9,000 km2 in the Kalahari Copper Belt (KCB) of western Botswana. The KCB has become an exciting new copper region following major discoveries by Sandfire Resources and Cupric Canyon Capital.

The company is targeting copper deposits similar to Sandfire's Motheo project which hosts an inferred resource of 12.3 million tonnes at 2.2% Cu and 22 g/t Ag. Kavango's exploration approach combines geophysics, geochemistry and drilling to identify buried copper mineralization beneath the Kalahari sands.

After learning lessons from earlier drilling campaigns, Kavango has refocused efforts on its Karakubis licenses along the southwestern extension of the KCB. The sand cover here is shallower, averaging only 10-15m thickness. IP surveys have successfully detected sulfide mineralization associated with favorable trap-site structures.

With consolidated land holdings and promising geophysical anomalies, Kavango is now ready to drill test its highest priority targets in Karakubis. The results from this drilling will demonstrate if the technical team can effectively vector into mineralized zones.

New Gold Exploration in Zimbabwe

In a bold strategic move, Kavango recently acquired options on several gold projects in Zimbabwe in partnership with experienced local geologist Steve Smith. The company is targeting bulk mineable gold deposits amenable to open pit mining.

The Zimbabwean gold belts have not seen modern exploration. But during the 1980s, Zimbabwe produced more gold than Australia, before suffering decades of economic decline. Kavango plans to apply new geological understanding to areas between known high-grade gold veins.

Within months of signing its first option, Kavango will commence diamond drilling at the Hillside project. Positive early results from this drilling could accelerate further work. Over the next year, the company aims to prove up shallow gold resources that can be rapidly advanced to production.

Conclusion

Kavango Resources represents an interesting speculative investment opportunity. The experienced management team is methodically exploring highly prospective ground for copper and gold.

The new funding from Pure Bonds puts the company in a strong financial position. This will allow for aggressive drill testing of targets over the next two years. Kavango offers investors exposure to potential copper and gold discoveries in safe and stable Botswana, plus high-grade gold upside in Zimbabwe.

With major drill programs imminent, investors can look forward to a steady flow of exploration news and catalysts for share price appreciation. If Kavango can convert targets into mineral discoveries, the company’s valuation should start to reflect the underlying value of its assets.